BUAD 305: ABRIDGED CORE CONCEPTS OF

ACCOUNTING INFORMATION
Course Syllabus for Spring 2017
Professor: Chrislynn Freed, CPA*
Office: School of Accounting, Room 115
Office Phone: 213-740-4867 (also voicemail number)
E-mail: cfreed@marshall.usc.edu
* regulated by the state of Florida

Classes:
Tue./Thurs. Section #14766 8:00 am – 9:50 am Room: ACC 303
Section #14768 10:00 am – 11:50 am Room: ACC 303
Friday – Lab Section #14773: 10:00am - 11:45am Room: HOH EDI
Office Hours (All held in ACC 115)
Mondays (IA-Tyga Numata) 12:00 pm – 1:00 pm
Mondays (IA-Sara Sanchez) 4:00 pm – 5:00pm
Wed. (IA-Lorena Garcia) 10:00 am – 11:00 am
Wed. (IA-Cory Sharpe) 2:00 pm – 3:00 pm
Tue./Thurs. (Professor Freed) 7:00 am – 7:45 am; 1:00 pm – 1:40 pm; 4:00 pm – 5:00 pm;
Additional hours will be provided before exams and will be posted
to Blackboard. Also feel free to email me at any time.
Introduction and Course Objective
This course builds upon the body of knowledge you have learned in previous financial and managerial
accounting courses at other institutions. The course is generally more conceptual in nature and seeks to
develop skills including research, analysis, critical thinking, and communications skills. The course is divided
into two sections. The first section focuses on problems and issues related to reporting and disclosure of
external financial accounting information. The second section focuses on how management applies methods,
techniques and conventions to internal accounting information to improve planning, control, and decision-
making.
Learning Objectives
The course learning objectives and outcomes for this course are as follows:
 Explain and apply fundamental assumptions, principles, and concepts underlying financial accounting
by solving problems and analyzing fact patterns to determine their impact on the recognition of
financial accounting elements such as assets, liabilities, equity, revenues, expenses, gains and losses in
articulated financial statements.
 Analyze and differentiate how transactions, economic events, adjustments, and other entity information
(from simple to moderately complex) are captured, summarized, and presented in integrated general
purpose financial statements and their footnotes by solving problems and evaluating fact patterns.
 Research, analyze, evaluate, and communicate the usefulness and limitations of financial accounting
information in context with other sources of information and other disciplines by preparing written and
oral presentations based on information widely available including published financial statements
(10Ks), articles in the financial and general press.
 Develop research, critical thinking, analytical, oral and written presentation skills, by preparing
research projects including analyzing and assessing business organizations, their financial statements,
and their strategic decisions in the context of their operational environment and their impact on
stakeholders. You will develop assessments and make recommendations based on your analysis and
research and communicate your findings in a collaborative environment.
 Apply various analytical tools, methods, and conventions to plan, control, and evaluate business
operating, investing, and financing decisions.
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  Apply ethical frameworks and professional standards in analyzing situations and making informed
decisions including the impact on stakeholders and society.
To achieve the above learning objectives, I will employ a combination of background reading, interactive
discussion/lecture, practice problems with solutions covered in class, in-class quizzes, and prompt feedback on
quizzes and exams. Please note, the most important word in the sentence above is “interactive.” The reason is
that research on learning indicates that it is very difficult to gain anything more than a superficial
understanding of material without practice and feedback. Therefore, you should expect our class sessions to
incorporate a substantial amount of both. I expect questions from you during class, and you should expect
questions from me. Given that you cannot obtain this practice and feedback without attending class,
attendance is very important.
To demonstrate you achievement of the learning objectives stated above: 1) you will be required to
demonstrate your knowledge by individually working problems during quizzes and exams; and 2) you will be
asked to complete in class assignments on an ad hoc basis at the professor’s discretion.
Required Materials
 Title: Accounting Tools for Business Decision Making, 6th Edition-MUST USE THIS EDITION
Authors: Kimmel, Paul D., Weygandt, Jerry J., and Kieso, Donald E.
Publisher: John Wiley & Sons, Inc.
ISBN: 9781119191674
Feel free to purchase the book online as this can result in substantial cost savings. However, if you choose to
purchase the book online, please be aware that you are responsible for making alternative
arrangements for completing all readings and advance preparation until the books arrive.
 Nike Annual Report filed on Form 10K for the period ended 5/31/16. I have uploaded a copy to
Blackboard. You must download and print your own copy and bring to class or you will lose
class participation points. We will use this report in class beginning with class #2.
 Subscription to the Wall Street Journal. The Wall Street Journal can be purchased at a discounted
student rate at www.wsj.com/spring2017. As future business people reading the Wall Street Journal
will keep you abreast of what is happening in the business world.
 There also will be readings from the business press and various handouts which I will email to you or
post on the course website.
 Additionally, you are required to bring a simple calculator to class each day as we often will
work problems in class. For exams, only school provided calculators will be allowed.
Prerequisites
This course is open only to students with two transferable “Principles of Accounting” courses (i.e., one should
be an introduction to financial accounting and the other should be an introduction to management/managerial
accounting) from a two-year or four-year institution.
Course Notes, Website and Communication
Class materials (syllabus, Nike 10K, slides, handouts, some homework assignments, practice problems, exam
point allocation, etc.) are available online at: https://blackboard.usc.edu/. Additionally, USC’s Blackboard
learning management system and support information is available at the same online site. You need to register
to be able to access the class materials. In the event of an emergency, the ability to access Blackboard will be
crucial.
I will bring copies of slides to class each day, so you do not have to download them ahead of time. After class
is over, slides will be posted to Blackboard if you need to make larger copies of the information. All
announcements will be communicated to you through Blackboard (which is connected to your USC email
account). Please make sure that you have your USC email forwarded to another account if you do not check
your USC email account frequently.
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Grading Policies
Total points for this course are 1,000. The 1,000 points for this course are divided as follows:

Component Points % of grade

Exam 1, Tuesday, February 14, 2017 200 20%
Exam 2, Thursday, March 23, 2017 200 20%
Final exam (see bottom of this page for exam schedule) 200 20%
Class participation and attendance 40 4%
Homework 40 4%
Lab assignments 20 2%
Quizzes 100 10%
Team project 200 20%
Total 1,000 100%

Final grades represent how you perform in the class relative to the other students in both of my classes. Your
grade will not be based on a mandated target, but on your performance. Historically, the average grade for
this class is about a 3.0. Three items are considered when assigning final grades:
1. Your average weighted score as a percentage of the available points for all assignments (the points you
receive divided by the number of points possible).
2. The overall average percentage score within my two classes.
3. Your ranking among all students in my two classes.

Assignments and Grading Expectations

Quizzes, Exams and Policies for Making up Quizzes and Exams
My expectations for your performance on quizzes and exams are as follows. Quizzes and exams will be drawn
from any of the readings and homework questions as well as class discussions. There will be five quizzes of
which one can be dropped, due to religious holiday, illness or other reason. Quizzes will be comprised of
multiple choice questions only. There will be quizzes on the dates indicated in the schedule of assignments on
pages 9 through 11. Preparing for quizzes is facilitated by keeping up with the work in class and practicing
multiple choice questions at the end of each chapter and/or on the student edition website for the textbook.
The quizzes are designed to help you prepare for the exams. The exams will be a mix of objective and
subjective components – details about the format will be announced in classes near the exam date. I will also
provide practice problems prior to all exams. Because there is little ambiguity as far as the correctness of
answers in this course, the expectations are clear – you should answer the exam questions as accurately as you
can and as thoroughly as you can. You will be allowed to use simple calculators, provided by me, for
quizzes and exams.

The first exam will be in class on Tuesday, February 14, 2017, and will cover the material from January 12,
2017, through February 9, 2017. The second exam will be in class on Thursday, March 23, 2017, and will
cover the material from February 16, 2017 through March 21, 2017. It will not be cumulative per se, except to
the extent that the material covered from February 16, 2017, through March 21, 2017, requires knowledge of
previously covered material (and this is true to some extent). The final exam will cover the material related to
Managerial Accounting only!

The dates for the final exam for each of the classes are as follows:
Section #14766 8:00-9:50 am class: Wednesday, May 10, 2017: 8:00-10:00 am
Section #14768 10-11:50 am class: Tuesday, May 9, 2017: 11:00am-1pm

It is to your advantage to take all quizzes and exams at the time they are given. Further, unless you have my
prior approval, you must take quizzes and exams in the section for which you are registered. This latter policy
often is dictated by lack of space in the other section.
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Because I drop one quiz, THERE WILL BE NO MAKEUP QUIZZES GIVEN IF YOU MISS A QUIZ!
So do not miss class on the day of a quiz unless you are sick or observing a religious holiday. The majority of
the quizzes will be given at the end of class so don’t leave early or arrive late on the day of a quiz.

With regards to exams, the policy of the Leventhal School of Accounting is that you should not miss exams
unless there is a very serious emergency AND you can properly document this emergency. Also, to the
extent possible, you must inform me of the emergency prior to the exam (I understand that this is not always
possible). If there is not a serious emergency or you cannot provide proper documentation, you will receive a
grade of “0” on the exam. If there is a serious emergency and you can provide proper documentation and,
where possible (most of the time), notify me ahead of time of the situation, I will not give a makeup exam.
Instead, I will determine your grade from the remaining exams. That is, I will “gross up” the points from the
other two exams so that the total for all exams equal 600 points. This policy works to your advantage (which
is why I have implemented it) for two reasons. First, it is virtually impossible to create makeup exams that are
of the same level of difficulty as the original exam; thus, I tend to err on the side of more difficult when
creating the makeup one. Second, if you have experienced an emergency, your performance on an exam
shortly thereafter likely would be compromised.
If you arrive late to an exam, you may not take extra time to complete the exam. You must turn in your
exam at the end of the exam period, irrespective of when you start the exam.
Finally, you must take the final exam at the scheduled time, unless an incomplete contract has
previously been approved according to Leventhal School of Accounting standards (or, of course, unless
there is an emergency, as above). See the LSOA standards attached to the end of the syllabus for further
information.

Class participation and attendance

The primary goal of the homework assignments and participation portion of the grade is to reward your
preparation and individual contribution to the learning environment in the classroom. Individual participation
will be based on attendance in class and the quality of each student’s contribution to class discussion.
“Quality” reflects many factors – for example, occasional thoughtful comments and questions that reflect
effort are far more important in determining “quality” than are continual comments and questions that do not
reflect thoughtfulness. I will take roll at the beginning of each class. Coming to class on time will result in a
daily participation score of 1 point. No participation points will be given on the days of exams. Absence from
class results in a daily participation score of zero. If you contribute quality, as defined above, to the class
discussion or present answers to homework or other problems to the class, you can earn additional points. You
can also earn additional participation points by emailing me articles from the Wall Street Journal that
relate to our class discussion. You need to include a minimum of two paragraphs. One summarizing the
article. The other on why it ties into what you have been learning. You can earn 2 points for each article
accepted with a maximum of 6 points. You can only turn in one article a week. I will not accept three at
one time at the end of the semester. The last day to submit articles is Friday, April 21, 2017.
I reserve the right to lower your participation points for unprofessional conduct in class or not being
prepared to discuss homework problems assigned. Unprofessional conduct includes, but is not limited
to, coming to class late; leaving during the class, interrupting class with talking, a buzzing or ringing
cell phone or pager; using a laptop or PDA (e.g. IPhone, Blackberry, Watch, etc.) to text or email, or
engaging in activities related to other classes; and so forth. (See section of the syllabus on “Technology
Policy” on page 6.) If I have a concern about unprofessional conduct, I will talk with you individually.
One thing that can interrupt the class discussion is attending class late or leaving and coming back during class
or leaving early. Therefore, if you are late for a class session, leave and come back, or leave early your
daily attendance score will be adjusted downward.
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PLEASE NOTE: It is to your advantage to attend class every day, be well prepared, and act professionally
(including being on time). This is true for several reasons. First, and most importantly, the material we cover
in class is what is considered most important for this course, and, therefore, will be the material tested on
quizzes and exams. Second, exams start promptly at the beginning of class; late arrivers will not be given extra
time to complete them.
Homework
Course material should be read and homework completed prior to each class. Homework assignments will be
randomly collected at the professor’s discretion and graded. Any assignment turned in late, even if by only a
few minutes, will receive a grade deduction (for example, if your work is a 100% grade, you will be given an
80% grade). Also doing the wrong homework problems can result in a homework grade of 0. Homework
will not be graded for correctness. Your grade will be based on your effort. If you attempt each problem
assigned, whether or not you get it right, you will receive full credit. There will be NO make-up
homework assignments; however, students will be allowed to drop one homework assignment grade. If
you will be absent from class be sure to email me your homework for that day by the time your assigned
class begins just in case it is collected. This way it won’t count as your dropped homework. Homework
assignments for each class can be found on pages 9 through 11.

Team Project
The Team Project assignment will be handed out during the third week of the semester. It is a research based
assignment that will require your team to produce a report by answering specific questions about a public
company. You will document your results by: 1) delivering a professional / high quality copy of the report and
copies of articles you have found about your company; and 2) formally presenting an investment
recommendation on your company in a creative presentation to the class.
Since your team’s grade depends on each member’s efforts it is important to ascertain each team member’s
contribution to the project. Accordingly, after you turn in your report and do your presentation, but before the
final grades are submitted, all students will be expected to fill out a peer evaluation based on their team member’s
performance during the team project. This kind of evaluation is a normal part of being a manager / business
professional and it is expected that each student will take it very seriously. Note that if two or more members
in your team express material and frequent problems with your behavior or contribution to the team
project, your overall grade for the team project will be zero.

You have to attend BOTH dates when team projects are presented. If you miss one of the dates (even if
your presentation is on the other date), I will lower your grade for Step 3 of the project by 50% of what
your team earns.

Please note, that scores for individual student contributions to team projects are assigned by me, based on my
observations of the team’s working dynamics, my assessment of the team’s project quality, and thoughtful
consideration of the information provided through your peer evaluations.

Evaluation of Your Work

You may regard each of your submissions as an “exam” in which you apply what you’ve learned according to
the assignment. I will do my best to make my expectations for the various assignments clear and to evaluate
them as fairly and objectively as I can. If you feel that an error has occurred in the grading of any assignment,
quiz or exam, you may, within one week of the date the assignment, quiz or exam, is returned to you, write me
a memo in which you request that I re-evaluate the assignment. You need to explain fully and carefully why
you think the assignment, quiz or exam, should be re-graded. Be aware that the re-evaluation process can
result in three types of grade adjustments: positive, none, or negative. If I do not receive a request for
regarding within seven days of your receipt of the graded assignment, quiz, or exam, the grade will be
considered final.
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Retention of Graded Coursework
All homework, quizzes and exams are returned to the students after they are graded. Quizzes and exams will
be returned to me after you have reviewed them. If you are not present on the day a homework assignment,
quiz or exam is returned, I will have them available in my office during office hours for you to review for one
week after the initial return attempt. After that, any homework, quizzes or exams not picked up or reviewed
will be discarded. Final exams and all other graded work which affected the course grade will be retained for
one year after the end of the course if the graded work has not been returned to the student (i.e., if I returned a
graded paper to you, it is your responsibility to file it, not mine). After that time, I will discard the final exams
or other graded coursework.
Information regarding grade changes
All grades assigned by faculty members are final. Students have the right to seek explanation, guidance,
counsel and reasons for the assignment of a grade. Students may appeal a grade according to university policy
as set forth in SCampus. Faculty may initiate a change in grade if there is an error in the calculation of a
grade. However, a faculty member may not change a disputed grade outside the formal appeals process. In
response to a disputed academic evaluation by an instructor, a student is entitled to two levels of appeal after
review by the instructor: first to the chairperson of the department and then to the appropriate dean of the
school. The full university policy can be found on page 125 of SCampus and at:
http://www.usc.edu/dept/publications/SCAMPUS/gov/disputed_academic_evaluation_procedures.html

Add/Drop Process
In compliance with USC and Marshall’s policies classes are open enrollment (R-clearance) through the first
week of class. All classes are closed (switched to D-clearance) at the end of the first week. This policy
minimizes the complexity of the registration process for students by standardizing across classes. I can drop
you from my class if you don’t attend the first two sessions. Please note: If you decide to drop, or if you
choose not to attend the first two sessions and are dropped, you risk being not able to add to another section
this semester, since they might reach capacity. You can only add a class after the first week of classes if you
receive approval from the instructor. The last day to drop the class without a “W” is February 24, 2017.
The last day to drop the class with a “W” is April 7, 2017. If you are absent four or more times prior to
April 7, 2017, I will ask you to withdraw by that date. These policies maintain professionalism and ensure a
system that is fair to all students.

Technology Policy
Laptop and Internet usage is not permitted during academic or professional sessions. Use of other personal
communication devices, such as cell phones, is considered unprofessional and is not permitted during
academic or professional sessions. During class all electronic devices in your possession (e.g., cell / smart
phones, tablets, laptops, etc.) must be completely turned off and / or put face down on the desk in front of you.
In addition, at certain times (i.e., during exams), you might also be asked to deposit your devices in a
designated area in the classroom. Video recording of faculty lectures is not permitted due to copyright
infringement regulations. Audio recording is only permitted if approved in advance by the professor. Use of
any recorded or distributed material is reserved exclusively for the USC students registered in this class.
Academic Integrity and Conduct
USC seeks to maintain an optimal learning environment. General principles of academic honesty include the
concept of respect for the intellectual property of others, the expectation that individual work will be
submitted unless otherwise allowed by an instructor, and the obligations both to protect one’s own academic
work from misuse by others as well as to avoid using another’s work as one’s own (plagiarism). Plagiarism –
presenting someone else’s ideas as your own, either verbatim or recast in your own words – is a serious
academic offense with serious consequences. All students are expected to understand and abide by the
principles discussed in the SCampus, the Student Guidebook (www.usc.edu/scampus or
http://scampus.usc.edu). A discussion of plagiarism appears in the University Student Conduct Code (section
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11.00 and Appendix A). Other forms of academic dishonesty are equally unacceptable. See additional
information in SCampus and university policies on scientific misconduct, http://policy.usc.edu/scientific-
misconduct/.

Students will be referred to the Office of Student Judicial Affairs and Community Standards for further
review, should there be any suspicion of academic dishonesty. The Review process can be found at:
http://www.usc.edu/student-affairs/SJACS/ . Failure to adhere to the academic conduct standards set forth by
these guidelines and our programs will not be tolerated by the USC Marshall community and can lead to
dismissal.

Discrimination, sexual assault, and harassment are not tolerated by the university. You are encouraged to
report any incidents to the Office of Equity and Diversity http://equity.usc.edu/ or to the Department of Public
Safety http://capsnet.usc.edu/department/department-public-safety/online-forms/contact-us. This is important
for the safety of the whole USC community. Another member of the university community – such as a
friend, classmate, advisor, or faculty member – can help initiate the report or can initiate the report on behalf
of another person. Relationship and Sexual Violence Prevention and Services (RSVP)
https://engemannshc.usc.edu/rsvp/ provides 24/7 confidential support, and the sexual assault resource center
webpage https://sarc.usc.edu/reporting-options/ describes reporting options and other resources.

Support Systems
A number of USC’s schools provide support for students who need help with scholarly writing. Check with
your advisor or program staff to find out more. Students whose primary language is not English should check
with the American Language Institute http://dornsife.usc.edu/ali, which sponsors courses and workshops
specifically for international graduate students.

The Office of Disability Services and Programs (www.usc.edu/disability) provides certification for students
with disabilities and helps arrange the relevant accommodations. Any student requesting academic
accommodations based on a disability is required to register with Disability Services and Programs (DSP)
each semester. A letter of verification for approved accommodations can be obtained from DSP. Please be
sure that the letter is delivered to me at least two weeks prior to our first exam so that I have enough
time to best accommodate your needs. DSP is located in GFS (Grace Ford Salvatori Hall) 120 and is open
8:30 a.m.–5:00 p.m., Monday through Friday. The phone number for DSP is (213) 740-0776. Email:
ability@usc.edu.

If an officially declared emergency makes travel to campus infeasible, USC Emergency Information
http://emergency.usc.edu/will provide safety and other updates, including ways in which instruction will be
continued by means of blackboard, teleconferencing and other technology. Below are some important
numbers to refer to.
USC Emergency # (213) 740-4321
USC Emergency Information Line (213) 740-9233
USC Information # (213) 740-2311 and KUSC Radio 91.5 FM

Class Notes Policy

Notes or recordings made by students based on a university class or lecture may only be made for purposes of
individual or group study, or for other non-commercial purposes that reasonably arise from the student’s
membership in the class or attendance at the university. This restriction also applies to any information
distributed, disseminated or in any way displayed for use in relationship to the class, whether obtained in class,
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via email or otherwise on the Internet, or via any other medium. Actions in violation of this policy constitute a
violation of the Student Conduct Code, and may subject an individual or entity to university discipline and/or
legal proceedings.

No recording and copyright notice.

It is a violation of USC’s Academic Integrity Policies to share course materials with others without
permission from the instructor. No student may record any lecture, class discussion or meeting with me
without my prior express written permission. The word “record” or the act of recording includes, but is not
limited to, any and all means by which sound or visual images can be stored, duplicated or retransmitted
whether by an electro--‐mechanical, analog, digital, wire, electronic or other device or any other means of
signal encoding. I reserve all rights, including copyright, to my lectures, course syllabi and related materials,
including summaries, PowerPoints, practice problems, and all supplementary course materials available to the
students enrolled in my class whether posted on Blackboard or handed out in class. They may not be
reproduced, distributed, copied, or disseminated in any media or in any form, including but not limited to all
course note--‐sharing websites. Exceptions are made for students who have made prior arrangements with
DSP and me.
Students are expected to be familiar with USC’s Academic Integrity Policies (i.e., copying, fraudulent
possession of an exam, plagiarism, submission of purchased papers, submitting the same assignment to more
than one instructor) and be aware of recommended sanctions (i.e., “F” for the course, suspension or expulsion)
associated with violating such policies. See Appendix A in the SCAMPUS Guidebook for more detail.
Individual Class Topics and Assignments
The detailed schedule on the following pages provides you with a list of the topics, reading assignments, and
homework assignments, due each day. It also provides you with the dates of quizzes, exams and the due dates
for the team assignment. Please note that you are required to complete the reading assignments and
homework assignments as preparation for the class they are assigned for.

Closing Remarks
A significant factor in your successful completion of this course is staying current with the material. It is
difficult to meet the objectives by letting your preparation “slip” and/or by “cramming” for an exam. The
assigned problems, readings, and team project are designed to encourage you to pace yourself by regularly
preparing for class and staying current with the material.

I encourage you to take advantage of office hours when you need help with the material being covered or have
other issues to discuss. These hours are yours and you may discuss any issues that you like; however, those
needing help on course work will receive top priority. If you come for help in the course, you are expected to
be prepared. That is, you should have attended class, read the materials, and made a valid effort to understand
the material or work on the assignment in question. Best of luck this semester!!!!!!!!!!

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 Schedule of Assignments BUAD 305: Abridged Core Concepts of Accounting Information

Class Date Topic(s) Readings Homework and Quizzes

1 T, Introduction to course; Ch.1: pp. 2-17 CT17-5, p. 881; do internet
1/10 Role of accounting search, watch video and
answer questions on page.
2 TH, Communicating and Interpreting Ch. 1: pp. 18-20; IFRS: pp. 42-43 Do-it! 2-3
1/12 Accounting Information Ch. 2: Feature Story: p. 45;
Learning Objective 3: pp. 58-62
3 T, The Balance Sheet and Income Ch. 2: pp.44, 46-58 E2-5;
1/17 Statement Ch. 5: Learning Objective 4: pp. P5-4A part (a) only prepare
227-232; Learning Objective 6: multiple-step income
pp. 234-236 statement, parts (b) and (c)
Ch. 13: Learning Objective 1:
pp. 648-654
IFRS: pp. 87-88; 264:
Differences; 699-700
4 TH, The Accounting Information Ch. 3 P3-5A
1/19 System IFRS: pp. 148-149
5 T, Accrual Accounting Concepts Ch. 4 P4-2A, parts (a), (b) and
1/24 IFRS: pp. 212-213 (c); In addition prepare
the closing entries that
need to be made.
Operating Activities
6 TH, Merchandising Operations Ch. 5, pp. 214-227; Learning P5-3A part (a) only, P5-9A
1/26 Objective 5: pp. 233-234 and Quiz #1 on material
Appendix 5A pp. 239-241 covered in classes 2, 3, 4
IFRS: p. 264: Similarities, first and 5
three bullet points
F, Last day to drop without a
1/27 “W” and receive a refund
7 T, Reporting and Analyzing Ch. 6 and Appendix 6B pp. 289- BE6-7, E6-7, P6-1A
1/31 Inventory 291; IFRS: p. 314
8 TH, Reporting and Analyzing Ch. 8 P8-1A, P8-8A
2/2 Receivables IFRS: pp. 419-420
Investing Activities
9 T, Reporting and Analyzing Long- Ch. 9, pp.422-436 (up to Do it 9-1, E9-3, P9-9A
2/7 Lived Assets I “Impairments”) and Appendix 9A Quiz #2 on material
pp. 449-451 covered in classes 6, 7 & 8
IFRS: pp. 475-476
10 TH, Reporting and Analyzing Long- Ch. 9, pp. 436 (Impairments)-444 E9-8, E9-12
2/9 Lived Assets II; Review for (up to “Analysis”)
Exam I
M, Extra office hours for Exam I:
2/13 TBA
11 T, 2/14 EXAM #1

12 TH, Review Exam; Investments Appendix H EH-1, EH-2, EH-4, EH-8

2/16

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Class Date Topic(s) Readings Homework and Quizzes
13 T, No class – Mandatory Team
2/21 Meetings
Financing Activities
14 TH, Time Value of Money; Appendix G, pp. G1-G11; BEG-1, BEG-4, BEG-11,
2/23 Reporting and Analyzing Ch. 10, pp. 478-485 (up to BEG-12, BEG-19;
Liabilities I “Learning Objective 2”) E10-4
F, Last day to drop class without
2/24 a mark of “W” and change
grading option from P/NP to
letter grade
15 T, Reporting and Analyzing Ch. 10, pp. 485 (“Learning E10-23, E10-24, P10-10A
2/28 Liabilities II Objective 2“)-500; Appendix 10B
and 10C; IFRS: pp. 533-534
Appendix G, pp. 11 (Present
Value of Long-Term Note or
Bond)-G13;
16 TH, Reporting and Analyzing Ch. 11 and Appendix 11a E11-7, P11-2A, part (a)
3/2 Stockholders’ Equity; Ch. 12, pp. 590-595 (up to only;
Statement of Cash Flows I “Learning Objective 2”); pp. 607- P12-1A
608
17 T, Statement of Cash Flows II Ch. 12, pp. 595 (“Learning P12-3A, P12-4A
3/7 Objective 2”)-606; Quiz #3 on material
Appendix 12A pp. 611-616; covered in classes 13, 14,
IFRS: pp. 643-644 15 and 16
18 TH, Statement of Cash Flows III; Ch. 13, pp. 646-647; PP. 652 P12-11A
3/9 Financial Statement Analysis I (“Quality of Earnings”)-653;
pp. 654 (“Learning Objective 2”)- Additional Assignment to
666; Appendix 13A pp. 666-676 be posted on Blackboard
Note: You must go back and read related to Financial
the pages referenced for the Statement Analysis
Liquidity, Solvency and Note: Reading the
Profitability Ratios noted on pages Appendix will be helpful in
661 and 662. Some of these we addressing questions in
looked at previously. Financial Analysis
Assignment
T, 3/14 Spring Break!!!! Have fun!!! Don’t lose
TH, brain cells
3/16
19 T, Financial Statement Analysis II; Ch. 12, pp. 609-611 P13-5A; also compute
3/21 Review for Exam II Handout posted on Blackboard “Current Cash debt
coverage” and “Cash debt
coverage” for both
companies.
W, Extra office hours for Exam II:
3/22 TBA
20 TH, EXAM #2
3/23
Managerial Accounting
21 T, Review Exam II; Managerial Ch. 14 P14-1A, P14-5A
3/28 Accounting

10
Class Date Topic(s) Readings Homework and Quizzes
22 TH, Job-Order Costing Ch. 15 BE15-6, E15-13, P15-1A
3/30 Team Project Step 1 and
2 due
23 T, Activity Based Costing Ch. 17 P17-3A
4/4

24 TH, Cost-Volume Profit Analysis Ch. 18; Ch. 19, pp. 935 (“Learning BE18-5, E18-14, P18-4A,
4/6 Objective 4”)-938 E19-16

F, Last day to drop with a “W”

4/7
25 T, Budgetary Planning Ch. 21 E21-16, P21-2A; Quiz #4
4/11 on material covered in
classes 21, 22, 23 and 24
26 TH, Work on team presentation
4/13 ideas
27 T, Incremental Analysis Ch. 19 pp. 933 (“Learning E19-13;
4/18 Objective 3”)-935 E20-11, E20-13, E20-15,
Ch. 20 P20-1A, P20-2A

28 TH, Review for final exam None Quiz #5 on material

4/20 covered in classes 25 and
26.
F, Last day to submit an article
4/21 for extra participation points
by 5pm.

29 T, Team Presentations None Teams presenting must

4/25 turn in one copy of
PowerPoint slides and
outline
30 TH, Team Presentations None Teams presenting must
4/27 turn in one copy of
PowerPoint slides and
outline
T, Extra office hours for Final
5/2 Exam: TBA

FINAL EXAMS: Refer to

page 3 of syllabus for final
exam day and times

11
 Undergraduate Program Learning Goals

In this class, emphasis will be placed on the USC Marshall School of Business learning goals
as follows:

Course
Goal Description
Emphasis
Our graduates will have an understanding of the key business
1 areas and their interplay to effectively manage different types of Medium
modern enterprise.
Our graduates will have a global mindset demonstrating an
2 understanding of the interplay of local, regional, and international Low
markets, and economic, social and cultural issues.
Our graduates will demonstrate critical thinking skills,
3 decision-making, and problem-solving abilities to strategically
navigate complex demands of business environments.
Our graduates will demonstrate leadership skills aspiring to be
4 Low
sensible, future-oriented leaders and innovators.
Our graduates will demonstrate ethical reasoning skills,
5 understand social, civic, and professional responsibilities and Low
aspire to add value to society.
Our graduates will be effective communicators in speaking and
6 writing to facilitate information flow in organizational, social, and Low
intercultural contexts.

12
 LEVENTHAL SCHOOL OF ACCOUNTING
GRADING AND ACADEMIC STANDARDS
FOR UNDERGRADUATE STUDENTS
IN BUAD 285a, BUAD 286a AND BUAD 305

The Leventhal School of Accounting adheres strictly to the grading standards of the University and the
Marshall School of Business Administration. Additionally, the Leventhal School of Accounting has
supplemented those standards with certain others. For students' convenience, and to prevent
misunderstanding, these additional standards are summarized below.

GRADING STANDARDS

The following grades are used: A - excellent; B - good; C - fair; D - minimum passing; F - failure. The grade
of F is awarded for failing work at the end of the semester. The assignment of minuses and pluses when
earned is required.

The grade of W (Withdraw) is assigned if the student officially withdraws after the seventh week but before
the end of the twelfth week of the semester. No withdrawals will be permitted after the end of the twelfth
week except by student petition to the University's Committee on Academic Policies and Procedures.

Students may elect to audit courses during the first three weeks of the semester. A course taken for audit (V)
will be assessed at the current tuition rate. A course taken for audit (V) will not receive credit and will not
appear on the USC transcript or grade report. Under no circumstances will the University allow a change in
the registration status of a course from letter grade or credit to audit (V) or vice versa after the third week of a
given semester.

The grade of IN (Incomplete, i.e., work not completed because of documented illness or some other
emergency occurring after the twelfth week of the semester) is reserved for those highly unusual cases
where, due to circumstances judged fit by the Dean of the Leventhal School of Accounting, the student is
unable to complete a specified single item of the course requirements by the time final grades are submitted.

IN grades can be removed only by the student completing the missing requirements of the course to the
satisfaction of the instructor.

One calendar year is allowed to complete an IN. If the IN is not completed within the designated time, the
course is considered “lapsed,” the grade is changed to an “IX” and will be calculated into the grade point
average as 0 points. It is not possible to remove an incomplete by re-registering for the course.

G.P.A. PREREQUISITES FOR UNDERGRADUATE ACCOUNTING COURSES

The following are grade point average prerequisites for any undergraduate student enrolled in any accounting
course. Individual instructors may not waive these standards: (1) an average grade of B or better in BUAD
285ab or BUAD 286ab with neither grade lower than a B-. If applicable, transfer students are required to
meet an average grade of B in the two transferred accounting courses and BUAD 305 (with neither grade
lower than a B-).

In meeting the B (3.0) average required for admission to the Leventhal School of Accounting, only one of the
courses may be repeated. If the repeated course grade is higher, that grade will be considered in determining
whether the student meets the B average for admission, and the original course grade will be disregarded by
the Leventhal School. See Repeated Course Work at USC, USC Catalogue, for further restrictions on
including grades in repeated classes in the overall grade point average computation.

13
In computing grade point average prerequisites, BUAD 285ab or BUAD 286ab, BUAD 302T and BUAD 305
will be considered accounting courses.

Grades in accounting courses taken at other institutions will not be included in the computation of the
cumulative accounting grade point average. Exception: transfer students taking BUAD 305 and seeking
admission to the School of Accounting.

When a student's cumulative accounting grade point average falls below 2.7, the student is placed on
probation. If a student on probation does not regain a minimum accounting cumulative GPA of 2.7 after
completing the next 12 semester hours in all courses (including accounting courses) attempted within the
University, that student will not be permitted to continue as an accounting major in the Leventhal School of
Accounting. Exceptions to this policy may be granted only in unusual circumstances by the Academic
Standards Committee of the Leventhal School of Accounting. Decisions of the Academic Standards
Committee are final.

To be removed from probationary status, a student may elect either to take another accounting course or
courses for which prerequisites are met or to repeat an accounting course or courses in an attempt to earn a
higher grade. Regardless of the course of action taken, all courses completed will be counted in computing
the cumulative accounting grade point average.

The grade of "W" in an accounting course taken while a student is on probation will not extend probation.
The probation period ends at the end of that semester during which the student completes a cumulative total
of 12 semester hours of courses in any subject(s) at the university. Under no conditions will the student be
permitted more than two successive semesters, including the summer semester, to complete the 12
semester hours of courses.

Students must attain a minimum 2.7 cumulative accounting grade point average to graduate with a Bachelor
of Science in Accounting degree.

OTHER ACADEMIC STANDARDS

1. The ability of students to write clearly and concisely is a necessary prerequisite to success in
accounting work. Accordingly, students will be required to demonstrate writing capability in all
accounting courses. This may be accomplished primarily through the inclusion of essay-type questions
on course examinations.

2. No unregistered students are permitted to attend accounting classes regularly.

14
 Important Dates: Spring 2017
Last Day to Register/Add without Late Fee Friday, January 6

First Day of Class Monday, January 9

Martin Luther King Jr. Birthday, University Holiday Monday, January 16

Last Day to Add or Drop without a mark of "W" and get full refund Friday, January 27

USC Career Fest January 30 - February 3

Resumes for Spring Resume Book due Friday, February 3 at 8am

Leventhal Scholarship Applications Due Monday, February 6

USC Career Day Thursday, February 9

Summer Leadership Programs, Information Session Panel Friday, February 10, Noon

Meet the Firms – Galen Center (Accounting Society) Wednesday, February 15, 6-9pm

Presidents' Day, University Holiday Monday, February 20

Last Day to change enrollment from P/NP to Letter grade and Drop
without a "W" Friday, February 24

Spring Break Sunday, March 12 - Sunday, March 19

Last day to drop with a "W" Friday, April 7

LSOA Annual Scholarship Dinner Wednesday, April 19

Last Class Meeting for Regular (001) and 442 sessions Friday, April 28

Study Days Saturday- Tuesday, April 29- May 2

Commencement Friday, May 12

15